0451.HK - GCL New Energy Holdings Limited

HKSE - HKSE Delayed Price. Currency in HKD
0.295
0.000 (0.00%)
At close: 4:08PM HKT
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Previous Close0.295
Open0.295
Bid0.290 x 0
Ask0.295 x 0
Day's Range0.290 - 0.295
52 Week Range0.241 - 0.780
Volume10,596,000
Avg. Volume13,159,772
Market Cap5.627B
Beta (3Y Monthly)0.74
PE Ratio (TTM)N/A
EPS (TTM)-0.001
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2008-08-21
1y Target Est0.43
  • Reuters23 days ago

    BRIEF-Gcl New Energy Holdings Announces Disposals Of 80 Pct Stake In Huarong Gcl New Energy & Linzhou Xinchuang

    Oct 24 (Reuters) - GCL New Energy Holdings Ltd: * ANNOUNCES DISPOSALS OF 80% STAKE IN HUARONG GCL NEW ENERGY AND LINZHOU XINCHUANG * DEAL FOR RMB141.8 MILLION * ANNOUNCES DISPOSALS OF 80 PERCENT STAKE ...

  • Moody's23 days ago

    GCL New Energy Holdings Limited -- Moody's downgrades GCL New Energy to B1; outlook stable

    Moody's Investors Service has downgraded GCL New Energy Holdings Limited's corporate family rating to B1 from Ba3 and the senior unsecured rating on its USD bond to B2 from B1. "The ratings downgrade reflects the deterioration in GCL New Energy's credit quality, driven by the weakening credit profile of its parent, GCL-Poly Energy Holdings Limited," says Ivy Poon, a Moody's Vice President and Senior Analyst. The heightened business and financial pressure arising from the challenging upstream industry environment has limited the ability of GCL-Poly to provide support for its subsidiary, GCL New Energy.

  • Reuterslast month

    Chinese electric car makers, nurtured by state, now look for way out of glut

    Humming away in an industrial estate in the eastern Chinese resort city of Hangzhou, electric vehicle designer Automagic is one of hundreds of companies looking to ride the country's wave of investment in clean transportation. The company wants to find a niche in a crowded sector that already includes renewable equipment manufacturers, battery makers and property developers like the Evergrande Group, as well as established auto giants. "This (large number of firms) is inevitable, because whenever there is an emerging technology or emerging industry, there must be a hundred schools of thought and a hundred flowers blooming," said Zhou Xuan, Automagic's general manager, referring to Chinese leader Mao Zedong's ill-fated 1956 "Hundred Flowers" campaign aimed at encouraging new ideas.

  • Reuterslast month

    Chinese electric car makers, nurtured by state, now look for way out of glut

    Humming away in an industrial estate in the eastern Chinese resort city of Hangzhou, electric vehicle designer Automagic is one of hundreds of companies looking to ride the country's wave of investment in clean transportation. The company wants to find a niche in a crowded sector that already includes renewable equipment manufacturers, battery makers and property developers like the Evergrande Group, as well as established auto giants. "This (large number of firms) is inevitable, because whenever there is an emerging technology or emerging industry, there must be a hundred schools of thought and a hundred flowers blooming," said Zhou Xuan, Automagic's general manager, referring to Chinese leader Mao Zedong's ill-fated 1956 "Hundred Flowers" campaign aimed at encouraging new ideas.

  • Moody's2 months ago

    GCL New Energy Holdings Limited -- Moody's reviews GCL New Energy's ratings for downgrade

    Moody's Investors Service has placed on review for downgrade the Ba3 corporate family rating (CFR) of GCL New Energy Holdings Limited and the B1 senior unsecured rating on its USD bond. "Our review of GCL New Energy's ratings reflects the continued pressure on its credit profile from the lingering credit weakness of its parent, GCL-Poly Energy Holdings Limited," says Ivy Poon, a Moody's Vice President and Senior Analyst. "On a standalone basis, GCL New Energy's business transformation strategy of an asset light model through asset disposals would improve its financial leverage, but uncertainty remains in the lengthy negotiation process associated with the disposals, against the backdrop of an evolving policy environment, as well as the structure of disposal transactions," adds Poon.

  • Reuters2 months ago

    China to speed up efforts to cut solar, wind subsidies - draft guidelines

    China will speed up efforts to ensure its wind and solar power sectors can compete without subsidies and achieve "grid price parity" with traditional energy sources like coal, according to new draft guidelines issued by the energy regulator. As it tries to ease its dependence on polluting fossil fuels, China has encouraged renewable manufacturers and developers to drive down costs through technological innovations and economies of scale. The country aims to phase out power generation subsidies, which have become an increasing burden on the state.

  • Reuters3 months ago

    BRIEF-GCL New Energy Holdings Says HY Revenue Up 49 Pct

    Aug 29 (Reuters) - GCL New Energy Holdings Ltd: * HY REVENUE OF GROUP AMOUNTED TO RMB2,704 MILLION, UP 49 PERCENT * HY PROFIT ATTRIBUTABLE FROM CONTINUING OPERATIONS RMB345.2 MILLION VERSUS RMB485.0 MILLION ...

  • Oregon Solar Projects Get Insurance to Guarantee Production
    Bloomberg3 months ago

    Oregon Solar Projects Get Insurance to Guarantee Production

    GCL New Energy Holdings Ltd. is managing the risk related to the unpredictable nature of the sun, with an insurance-like policy that will guarantee the production from solar projects it’s building in Oregon. Swiss Re AG is backing the insurance product and PNC Bank NA committed tax equity financing for the four solar farms. The insurance product, known as a “solar revenue put,” can guarantee as much as 95 percent of a farm’s expected output, and can lead to better financing terms.

  • Reuters3 months ago

    China's solar giant GCL to make electric car move in new 'eco-town'

    China's leading solar equipment manufacturer GCL is planning a move into the electric vehicle sector, aiming to make use of its expertise in energy to gain a vital competitive advantage in an increasingly crowded industry, executives said. The firm is currently building a 5 billion yuan ($721.19 million) solar production base in a new "eco-town" at Jurong near the city of Nanjing, which will also involve the construction of solar-powered residences, warehouses and public amenities.

  • Reuters3 months ago

    China says U.S. solar tariffs violate trade rules, lodges WTO complaint

    SHANGHAI/BEIJING (Reuters) - China's commerce ministry said a U.S. decision to subsidise renewable energy firms and impose tariffs on imported products has seriously distorted the global market and harmed China's interests, firing the latest shot in a broader trade conflict. China has lodged a complaint to the World Trade Organisation to help determine the legality of the U.S. policies, saying they not only harm China's rights but also undermine the WTO's authority, the ministry said on its website late on Tuesday.

  • Reuters3 months ago

    China says U.S. solar tariffs violate trade rules, lodges WTO complaint

    SHANGHAI/BEIJING, Aug 15 (Reuters) - China's commerce ministry said a U.S. decision to subsidise renewable energy firms and impose tariffs on imported products has seriously distorted the global market and harmed China's interests, firing the latest shot in a broader trade conflict. China has lodged a complaint to the World Trade Organisation to help determine the legality of the U.S. policies, saying they not only harm China's rights but also undermine the WTO's authority, the ministry said on its website late on Tuesday.

  • Reuters3 months ago

    BRIEF-Gcl New Energy Holdings Enters Huaibei Finance Lease Agreements

    Aug 9 (Reuters) - GCL New Energy Holdings Ltd: * BEIJING FINANCIAL LEASING TO PURCHASE HUAIBEI LEASED ASSETS I FROM XI'AN DATANG ELECTRIC FOR RMB330 MILLION * BEIJING FINANCIAL LEASING SHALL PURCHASE HUAIBEI ...

  • Moody's3 months ago

    GCL New Energy Holdings Limited -- Moody's downgrades GCL New Energy's corporate family rating to Ba3, outlook negative

    Moody's Investors Service has downgraded the corporate family rating (CFR) of GCL New Energy Holdings Limited to Ba3 from Ba2 and the senior unsecured rating on its USD bond to B1 from Ba3. The ratings outlook is negative. "The downgrade reflects the reduced ability of GCL-Poly Energy Holdings Limited, the parent company of GCL New Energy, to provide extraordinary support to GCL New Energy in times of need, due to the challenging operating conditions in the solar upstream sector," says Ralph Ng, a Moody's Assistant Vice President and Analyst.

  • Reuters4 months ago

    BRIEF-GCL New Energy Announces Module Purchase Framework Agreement With Wuxi Suntech Power Co

    July 31 (Reuters) - GCL New Energy Holdings Ltd: * UNIT TO BUY 100MW OF SOLAR MODULES AT UNIT PRICE OF NOT HIGHER THAN RMB2.0 PER WATT FOR PHOTOVOLTAIC POWER STATION PROJECTS OF GROUP * WUXI SUNTECH AS ...

  • Reuters5 months ago

    BRIEF-GCL New Energy Holdings Says Sino IC Leasing To Buy Lanxi Leased Assets From Lanxi Jinrui

    June 26 (Reuters) - GCL New Energy Holdings Ltd: * SINO IC LEASING CONDITIONALLY TO PURCHASE LANXI LEASED ASSETS FROM LANXI JINRUI FOR RMB215 MILLION * SINO IC LEASING TO LEASE LANXI LEASED ASSETS TO LANXI ...

  • What Is GCL New Energy Holdings Limited’s (HKG:451) Share Price Doing?
    Simply Wall St.5 months ago

    What Is GCL New Energy Holdings Limited’s (HKG:451) Share Price Doing?

    GCL New Energy Holdings Limited (HKG:451), a renewable energy company based in Hong Kong, saw significant share price volatility over the past couple of months on the SEHK, rising toRead More...

  • Moody's5 months ago

    China Longyuan Power Group Corporation Ltd. -- Moody's: China's release of 7th batch of Renewable Energy Subsidy Catalogue is credit positive for renewable operators

    Moody's Investors Service says that China's (A1 stable) announcement of the 7th batch of its Renewable Energy Subsidy Catalogue (RESC) is credit positive for rated renewable energy operators as it will accelerate collection of subsidies receivables and relieve liquidity pressure. " says Boris Kan, a Moody's Vice President and Senior Credit Officer. On 15 June, China's Ministry of Finance, the National Development and Reform Commission and the National Energy Administration jointly announced the 7th batch of its RESC, covering total installed capacity of about 55.8 gigawatts.

  • PR Newswire5 months ago

    GCL New Energy Signs PPA for 110MW Solar Project In Colorado

    DENVER, June 14, 2018 /PRNewswire/ -- GCL New Energy, Inc., a subsidiary of the world's leading clean energy conglomerate GCL Group, has signed a long-term power purchase agreement (PPA) with Intermountain Rural Electric Association (IREA), a local power company, for its Pioneer 110MW greenfield project in Colorado. The project requires no security deposit and has low grid connection costs. Through the Pioneer project, GCL New Energy will gain valuable experience developing a U.S. greenfield project, and can create a development model for future projects.

  • PR Newswire5 months ago

    GCL New Energy Signs PPA for 110MW Solar Project In Colorado

    DENVER , June 14, 2018 /PRNewswire/ -- GCL New Energy, Inc., a subsidiary of the world's leading clean energy conglomerate GCL Group, has signed a long-term power purchase agreement (PPA) with Intermountain ...

  • Moody's5 months ago

    GCL New Energy Holdings Limited -- Moody's reviews GCL New Energy's ratings for downgrade

    Moody's Investors Service has placed on review for downgrade the Ba2 corporate family rating (CFR) of GCL New Energy Holdings Limited and the Ba3 senior unsecured rating on its USD bond. "Such concern follows the announcement that GCL Poly has entered into an agreement to sell its majority shares of a key subsidiary and substantial cash flow contributor, namely Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd.," adds Ng. GCL Poly's credit profile is also challenged by the recent policy announcement which will likely impact growth of the solar upstream sector in which GCL Poly is a key player.

  • Reuters6 months ago

    BRIEF-GCL New Energy Holdings Says Co Enters Kunming EPC Agreement

    May 31 (Reuters) - GCL New Energy Holdings Ltd: * GNE, VIA UNIT , ENTERED KUNMING EPC AGREEMENT WITH KUNMING XUFENG & XI'AN DATANG ELECTRIC AT CONSIDERATION OF RMB216.1 MILLION * GNE, VIA UNIT, ENTERS ...

  • Reuters6 months ago

    BRIEF-Gcl New Energy Announces Agreement with Shanghai Electric In Realtion To Horqin Project

    May 28 (Reuters) - GCL New Energy Holdings Ltd: * ZHENJIANG GCL NEW ENERGY TO SUPPLY SOLAR POWER STATION EQUIPMENT FOR HORQIN PROJECT FOR RMB240.3 MILLION TO SHANGHAI ELECTRIC * UNIT ENTERED AGREEMENT ...

  • Reuters6 months ago

    BRIEF-GCL New Energy Enters Agreements With Xi'an Datang Electric

    May 17 (Reuters) - GCL New Energy Holdings Ltd: * ENTERED AGREEMENT WITH XI'AN DATANG ELECTRIC AS CUSTOMER AND ZHENJIANG GCL NEW ENERGY AS SUPPLIER FOR EQUIPMENT WORTH RMB167.7 MILLION * SHANGLIN XINAN ...

  • Reuters6 months ago

    BRIEF-GCL New Energy Says Unit Enters Nanzhao PC Agreement With Shandong Electric

    May 16 (Reuters) - GCL New Energy Holdings Ltd: * UNIT ENTERS NANZHAO PC AGREEMENT WITH SHANDONG ELECTRIC FOR NANZHAO PROJECT AT ESTIMATED CONSIDERATION OF RMB489.1 MILLION * ANNOUNCES AGREEMENT ABOUT ...

  • Reuters7 months ago

    BRIEF-GCL New Energy Announces Deals With Xi'an Datang Electric

    April 26 (Reuters) - GCL New Energy Holdings Ltd: * SHANGSHUI GCL NEW ENERGY AS PRINCIPAL & XI'AN DATANG ELECTRIC AS CONTRACTOR FOR SHANGSHUI PROJECT; ESTIMATED CONSIDERATION RMB485.8 MILLION Source text ...